|By Marketwired .||
|August 13, 2013 04:35 PM EDT||
OTTAWA, ONTARIO -- (Marketwired) -- 08/13/13 -- Mincom Capital Inc. ("Mincom") (TSX VENTURE:MOI) and Group Nanoxplore Inc. ("Nanoxplore") announce the termination of the letter of intent dated March 28, 2013 and signed by Nanoxplore on April 3, 2013 (the "LOI"). The termination of the LOI follows confirmation from the TSX Venture Exchange (the "Exchange") on August 1, 2013 that the resulting issuer, pursuant to the proposed Qualifying Transaction, did not have a sufficient "history of operations and validity of business" required to satisfy the Exchange's minimum initial listing requirements.
Mincom will continue to actively search for a potential acquisition in order to complete a Qualifying Transaction in accordance with the requirements of the Exchange.
About Mincom Capital Inc.
Mincom was incorporated on May 24, 2011 under the Canada Business Corporations Act. Mincom is a Capital Pool Company, as defined in Policy 2.4 of the TSX Venture Exchange Corporate Finance Manual. The head office of the Company is located at 912-130 Albert Street, Ottawa, Ontario K1P 5G4.
The principal business of Mincom is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction. Mincom has not commenced operations and has no significant assets other than cash. Mincom has commenced the process of identifying potential acquisitions for a potential Qualifying Transaction.
About Group Nanoxplore Inc.
Group Nanoxplore Inc. is a Montreal-based nanomaterials research and development services company specializing in graphene, advanced graphene materials and carbon nanotube technologies, including R&D for the production of graphene coatings for consumer electronics, security and graphene-based RF packaging applications.
Nanoxplore works on a contractual basis with manufacturers in cooperation with its academic partners. For more information, visit: www.nanoxplore.ca.
For further information please refer to Mincom's Canadian regulatory filings posted on SEDAR at www.sedar.com.
The statements used in this press release may contain forward-looking statements, and are based on the opinions and estimates of management, or on opinions and estimates provided to, and accepted by, management. These opinions and estimates are used by management, and speak only as of the date of this press release. Forward-looking statements in this press release include, but are not limited to, the closing of the Qualifying Transaction and the anticipated benefits from the Qualifying Transaction. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions, including with respect to the closing of the Qualifying Transaction, the timing and receipt of all applicable regulatory approvals and third party consents, the anticipated benefits from the Qualifying Transaction and the satisfaction of other conditions to the completion of the Qualifying Transaction. Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ, possibly significantly. Although Mincom believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual events or results will be consistent with these forward-looking statements. Except as required by applicable law, Mincom does not undertake, and specifically disclaims, any obligation to update or revise any forward-looking information, whether as a result of new information, future developments or otherwise. Readers are therefore cautioned not to place undue reliance on any forward-looking statements.
Mincom Capital Inc.
President and Chief Executive Officer